Institution: Oil prices could soar to $150 if full-scale US-Iran conflict reignites

Odaily reported that Jorge León, head of geopolitical analysis at Rystad Energy, stated that if the United States and Iran fully return to a state of hostility, oil prices could surge to $150 per barrel. At this stage, it is too early to determine whether the current escalation marks a full resumption of hostilities or a dangerous but still controllable event. Therefore, until clearer evidence emerges—whether a ceasefire can hold or diplomatic channels regain momentum—oil price volatility is likely to remain elevated. (Jinshi Data)